ARTICLE
2 September 2019

Blockchain Applications For Beer Advertising, Hotel Booking And The U.S. Air Force

B
BakerHostetler

Contributor

BakerHostetler logo
Recognized as one of the top firms for client service, BakerHostetler is a leading national law firm that helps clients around the world address their most complex and critical business and regulatory issues. With five core national practice groups — Business, Labor and Employment, Intellectual Property, Litigation, and Tax — the firm has more than 970 lawyers located in 14 offices coast to coast. BakerHostetler is widely regarded as having one of the country’s top 10 tax practices, a nationally recognized litigation practice, an award-winning data privacy practice and an industry-leading business practice. The firm is also recognized internationally for its groundbreaking work recovering more than $13 billion in the Madoff Recovery Initiative, representing the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Visit bakerlaw.com
Late last week, a major U.S.-based beer brewing company launched a blockchain-based trivia game in conjunction with Vatom Labs as part
United States Technology

Late last week, a major U.S.-based beer brewing company launched a blockchain-based trivia game in conjunction with Vatom Labs as part of the firm's "Know Your Beer" campaign. The mobile game, known as Great Taste Trivia, challenges players to answer 12 trivia questions correctly to win one of 10,000 cash prizes of $5 each. The brewing company relies on blockchain technology to secure and authenticate the $5 rewards. Also last week, a business and consumer travel services firm announced plans to use Hyperledger Fabric to build a system that tracks, manages and accounts for commissions owed to booking agents on behalf of hotel chains. The system will reportedly guarantee that agents' commissions are paid, which will ultimately reduce the number of payment disputes.

In other news, the U.S. Air Force announced plans to employ the SIMBA blockchain to protect Additive Manufacturing in the field. Currently, long value chains present major security issues in manufacturing military applications, since hostile entities constantly seek to obtain or modify critical data. The Air Force's Blockchain Approach for Supply Chain Additive Manufacturing Parts project will use the SIMBA Chain platform to decentralize Additive Manufacturing in the field and maintain data integrity. The U.S. Air Force also recently announced plans for another blockchain project with Constellation Network Inc. (Constellation). According to reports, the U.S. Air Force has multiple data sources such as drones, planes and satellites that need to be secured and consolidated so that data can be queried instantly. Constellation will reportedly provide the U.S. Air Force with a scalable and secure blockchain-based solution for big data processing, audit trails and live overview for both Air Force data pipelines and external data sources.

Last month, the World Economic Forum released a white paper that analyzes the question of public versus private blockchain solutions for global supply chains. The paper aims to outline important criteria to understand when dealing with public versus private blockchains and evaluates how each type of blockchain affects the eventual supply chain solution, depending on the context of the use case and its unique requirements. This paper is the third in a series related to responsible blockchain deployment in supply chains. The UCL Centre for Blockchain Technologies also recently released a report that reviews blockchain adoption trends in the global supply chain industry. Among other things, the report highlights that more than half of the projects reviewed employ private blockchains, the grocery sector has the most active projects and roughly 15% of projects have moved beyond concept into production.

For more information, please refer to the following links:

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More